Year Quantity of bubble tea Price of bubble tea Quantity of kangaroo steaks Price of kangaroo steaks 20162016 1010 $4dollar sign, 4 55 $8dollar sign, 8 20172017 1210 $6dollar sign, 6 65 $12dollar sign, 12 20182018 1510 $5dollar sign, 5 65 $10 For the above economy where only bubble tea and kangaroo steaks are traded, what is the inflation rate for 2017 using 2016 as a base year? Group of answer choices 100% 75% 180% 150%

Year Quantity of bubble tea Price of bubble tea Quantity of kangaroo steaks Price of kangaroo steaks 20162016 1010 $4dollar sign, 4 55 $8dollar sign, 8 20172017 1210 $6dollar sign, 6 65 $12dollar sign, 12 20182018 1510 $5dollar sign, 5 65 $10 For the above economy where only bubble tea and kangaroo steaks are traded, what is the inflation rate for 2017 using 2016 as a base year? Group of answer choices 100% 75% 180% 150%

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter4: Labor And Financial Markets

Section: Chapter Questions

Problem 31P: Table 4.6 shows the amount of savings and barrowing in a market for loans lo purchase homes,...

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Year	Quantity of bubble tea	Price of bubble tea	Quantity of kangaroo steaks	Price of kangaroo steaks
20162016	1010	$4dollar sign, 4	55	$8dollar sign, 8
20172017	1210	$6dollar sign, 6	65	$12dollar sign, 12
20182018	1510	$5dollar sign, 5	65	$10

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Please please help me asnswer it correctly and fastly The global oil market has been affected in the recent years by many factors that induces the global price to fall. This consequence is vital for the budget of the oil dependent countries. After the huge decrease on oil price in 2016, many traders and analysts believe that oil markets are still not immune to many problems and the oil price will tend to fall again. The main factor and problems toward a fall of the oil price started in 2015 but considering that people and oil companies do not tend to react immediately to the change of oil price, the total consumption and production of oil did not get any surprised changes in the short- run. The main factor that caused the drop on the oil price is the OPEC failure. The member countries of OPEC did not agree to stabilize the oil markets, since the organization decided against cutting production at a 2014 meeting in Vienna. It is estimated that if OPEC does not cut production, the…
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